Feature-Enriched Bizshare Crowdfunding Platform, Aiming to Fund 200 Businesses Next Year

Crowdfunding platform (equity crowdfunding) Bizshare introduces a number of new features which are summarized in Bizshare 2.0 to attract more investors. The company itself targets to be able to finance 200 businesses next year, from the current position of 23 businesses.

Bizshare Co-Founder & CEO Heinrich Vincent explained, since two years of existence the company has recorded a significant increase in business. Of the 23 business units accommodated, Rp46 billion was collected from investors and Rp26 billion was disbursed to related businesses.

The number of investors who joined was 32.000 people, more than the first year of 2.500 people. Then last year it increased to 12.500 people. Dividends that have been given to these investors amounted to Rp811 million.

The returns they receive range from 20%-30% per annum, depending on the risk of the business being funded. The nominal share purchased is IDR 5 million per share and you can get dividends from the business on a regular basis.

"The efforts we financed mostly were franchise for F&B, then there are service fields like laundry and barber shop. Next year we want to expand the type of business, there are properties, shrimp ponds, and many more, basically we want Solve about transparency in the business," he said Tuesday (17/12).

Several attempts franchise funded through Bizshare such as Flip Burger, Alfamart, Indomaret, Refit, Mr. Montir, Fish Street, Kebab Baba Rafi, Holycow, and Donburi Ichiya.

Every business that will be funded has gone through various analytical processes by the Bizshare team. Some of the components that are considered are elements of legality, business flow analysis and assessment based on financial data, location and market, SWOT, and risk.

Enrich new features

In Bizshare version 2.0 there are a number of feature developments, including UI and UX changes that are more friendly for investors, the Investor Dashboard feature to access financial reports, business development charts invested, Ask Admin for services investor relations which simplifies the investment process.

"We also released the PWA (Progressive Web Apps) version of Bizshare to make it easier for investors to access all of its features because it is easier to install.Maintain and low cost. From the side user, PWA is also very light [memory capacity]," added Co-Founder & CTO Giovanni Umboh.

The release of this feature, he continued, coincided with the pocketing of a business license as a crowdfunding player under POJK Regulation Number 37 of 2018, on November 6, 2019.

Giovanni said that in the future the company will develop four additional features. Namely, the release secondary market for investors who want to sell their shares (exit) in a business.

Then, localized investment to encourage local communities to become investors in a business near their place of residence and attract many players in other verticals to digitize SMEs.

Vincent mentions features secondary market will be released in the first quarter of next year. Because this feature has been widely requested by investors who want to exit of one attempt.

Based on regulations from OJK, fundraising secondary market limited to only twice a year. The price of the shares sold must be adjusted to the market price or bid offers from other investors. "Later the process will be on the platform, the only difference is primary and secondary market."

To support Bizshare's entire business plan, the company will raise pre-series A funding in the middle of next year. Currently, the company has secured initial funding of an undisclosed amount from Plug And Play Indonesia, Digitaraya, and GDILab.